Post Holdings has completed its acquisition of pasta manufacturer Dakota Growers Pasta Co. Inc. for $370 million cash from North Dakota-based Viterra Inc.

When Post announced the purchase back in September, it said it would fund the acquisition with $200 million in debt financing and cash on hand. Post officials said the deal could bring in $300 million in net sales.

Dakota Growers, which manufactures private-label products, is based in Carrington, N.D. It has a durum wheat milling and pasta production facility there, and an additional production facility in New Hope, Minn.

Led by Chairman and CEO Bill Stiritz, Post had net sales of $958.9 million in fiscal 2012.

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